Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – Asian Wrap 25 Jan


Bitcoin Price Analysis: BTC correction underway, holding onto 50-DMA is critical

Bitcoin (BTC/USD) has stalled its correction from the record highs of $41,987, as the bears take a breather before the next leg lower. Markets resort to locking in gains after the parabolic rise, paving way for further downside correction. 

 

Ethereum refreshes record top towards $1,500 inside short-term rising channel

Ethereum buyers dominate sentiment as ETH/USD rises to the fresh high on record during early Monday. That said, the ETH/USD pair pierces the previous high of $1,440 to mark a new all-time top of $1,475.89. Upbeat RSI conditions, news from China’s GT also back Ethereum buyers.

 


Ripple Price Analysis: XRP bulls attack 200-bar SMA inside two-week-old falling wedge

XRP/USD stays strong near the recently flashed intraday high of 0.2767, currently around 0.32760, during early Monday. In doing so, the crypto pair flirts with 200-bar SMA while extending the weekend bounce off 0.2692.

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Binance Coin needs to breach this crucial supply barrier to set up record levels again

Binance Coin has seen a massive downfall after recently erecting new all-time highs. Now, BNB stands to retest this level and perhaps set up new ones shortly.

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Gemini reaches over $25B in crypto under custody amid surging institutional demand

Gemini’s cryptocurrencies under custody doubled since January and have reached a record high of $25 billion. Institutional investors are increasingly participating in the crypto space, increasing the demand for Gemini’s services. Last week, the crypto market’s bullish price action pushed institutional assets under management of digital asset products to a record high. 

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Ethereum ETFs receive approval in Canada as ETH price looks to retest all-time highs

Canada’s Ontario Securities Commission approved three Ethereum ETFs on April 20. This move comes after the recently launched Bitcoin ETF surpassed $1 billion in AUM. Ethereum price looks to surge 15% to retest recently set up highs around $2,548.

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XRP holders claim SEC does not represent their interests in latest motion to intervene

XRP holders are seeking to intervene in the Securities & Exchange Commission lawsuit filed against Ripple Labs. The intervening defendants stated that both the SEC and Ripple do not represent their interests. Even if the judge grants the motion to intervene, XRP holders may only have limited involvement in the case.

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Bitcoin Weekly Forecast: Institutional wave of BTC adoption follows new all-time highs

Bitcoin price hitting a new all-time high and Coinbase’s direct listing are perhaps two of the most important developments surrounding the pioneer cryptocurrency over the past week.

Read the weekly forecast

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